AMN Healthcare Services Inc (AMN)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	210,679	279,987	319,258	382,152	444,050	478,470	460,048	403,018	327,388	220,479	172,523	128,078	70,665	88,839	86,287	92,831	113,988	122,119	126,522	133,182
Total assets	US$ in thousands	2,924,390	2,654,770	2,644,140	2,881,060	2,888,350	3,018,260	3,008,780	3,248,670	3,131,910	2,709,000	2,632,440	2,643,120	2,353,510	2,344,860	2,364,820	2,460,130	1,931,650	1,861,070	1,856,090	1,637,820
ROA		7.20%	10.55%	12.07%	13.26%	15.37%	15.85%	15.29%	12.41%	10.45%	8.14%	6.55%	4.85%	3.00%	3.79%	3.65%	3.77%	5.90%	6.56%	6.82%	8.13%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $210,679K ÷ $2,924,390K
= 7.20%

AMN Healthcare Services Inc.'s return on assets (ROA) has shown a declining trend over the past eight quarters. In Q1 2022, the ROA was at 12.41%, which then increased to 15.29% in Q2 2022 and reached its peak at 15.85% in Q3 2022. However, since then, the ROA has been consistently decreasing, reaching 7.20% in Q4 2023.

This decline in ROA indicates that the company's ability to generate profits from its assets has weakened over time. It is essential for AMN Healthcare Services Inc. to assess the efficiency of its asset utilization and implement strategies to improve profitability moving forward.